Jumbo Loan

February 27, 2019

Some Important Questions to Ask About Jumbo Loan Orange County, CA

With a number of loan options being offered in the market today, it can be daunting to find the right information that can help you in your quest for the best mortgage deal. That is why it is imperative that you exercise due diligence; make sure that you have done prior research when you shop around. One popular loan type available in the market today is jumbo loan, Orange County, CA. Apparently, this is also one of the items that we receive lots of inquiries about. So, to help our readers and prospective clients understand more about jumbo loan, we have provided answers to some of the most common questions sent to us from prospects. What are jumbo loans? A […]
March 26, 2019

When to Consider Mortgage Jumbo Loan, Orange County, CA

If you have been doing some work for your next mortgage loan, you probably have encountered a term called “jumbo” loan. It is a type of loan that exceeds the dollar amount loan-servicing limits defined by GSE’s Freddie Mac and Fannie Mae. In other words, it is a non-conforming loan. The question you might have in might right now: should I consider mortgage jumbo loan, Orange County, CA? There are three common hurdles that borrowers must clear to be able to get jumbo-loan approval. These are: (1) larger income; (2) credit score; and (3) greater reserves. Do you think you can hurdle the specified criteria? Not sure? Consider consulting a highly qualified mortgage loan company such as the HomePlus Mortgage […]
March 27, 2019

Loan Limits and Other Considerations for Jumbo Mortgage Applications in Texas

You probably have encountered a term called “jumbo” loan in your search for home loan options. Now, you are wondering whether or not it is the best option to take for a new home purchase. In simple words, jumbo loans are a type of loan that exceed the dollar amount loan-servicing limits defined by GSE’s Freddie Mac and Fannie Mae. Meaning, it is a non-conforming loan. The amount of the property is one of the items that you should know early on to determine whether or not applying for a jumbo loan is the best course of action to take. If the anticipated value of the property in the Texas area falls outside the conforming limits, a jumbo loan is […]
June 24, 2019

Answering Some Important Questions About Jumbo Loans, Irvine, CA

Thinking of going for a jumbo loan? There are a number of important considerations that you need to take into account prior to your application. Note that taking out a jumbo loan is a big decision to make. With higher the loan amounts come with higher monthly payments to deal with. To give you some useful insights about whether or not jumbo loans, Irvine, CA, are right for you, we have shared below some questions to ask yourself for assessment. Consider the following: Is jumbo loan right for me? The truth is, jumbo loans are not made for everybody. They are outside the limits of the size of loans that Fannie Mae and Freddie set. In other words, they are […]